2662-2669 broke through resistance , testing it at present ,Most likely a big pump till the yellow line on top
I'd start getting careful after that could go either way ....
Breaking the downtrend line and i'd hop back on :)
People i feel are now asking where to invest seeing the markets rally\! so i feel time is near for some whales to start unloading their...
Played out beautifully although its bull flagging at the moment still feel we have one retest left .
Long term looking to smash this pennant and go for 3188 fairly quick .
Thanks to whoever pointed this stock out to moi :)
The bullish engulfing on the 2 day chart makes me feel this pennant might not need 2 attempts.
Looks like we are due for a breakout from this pennant on the HTF , just feel those who correct 50% usually rise the same way and considering its one of the big banks i say it goes up and makes new All time highs however might have one big dip to refuel and shake out the weak hands.
Levels on the chart .
Sittign just under resistance expect it to dip before...
Formation of a pattern called Head & Shoulders has been spotted on the charts of HDFC AMC stock. One should go short below 2570 that is below the neckline , keeping a Stop loss of 2670 for a target zone of 2330. (stock is not in FnO , can be treated as sell on rise in intraday basis till the target achieved)
Movement has been restricted to the box for a while.Consolidation before moving upwards. Possibly another retest before breaking higher. SL below the box.
![HDFCAMC: HDFCAMC spinnig top [sellsignal]](https://s3.tradingview.com/f/frnuKwWR_mid.png "HDFCAMC spinnig top [sellsignal]")